Business Bay
Elire Managed by LUX
AED2,613,375
Project general facts Elire Managed by LUX is a private sanctuary where contemporary luxury meets serene design, boasting an architecture that seamlessly blend…
- Developer
- Qube Development
- Units
- 49
- Unit types
- 28
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Key figures
- From
- AED 2,613,375
- Developer
- Qube Development
- Units
- 49
- Unit types
- 28
- Golden Visa
- Golden Visa eligible
- DLD fee (4%)
- AED 104,535
Source: Reelly project starting price; official UAE Golden Visa property threshold (AED 2,000,000); Dubai Land Department transfer fee of 4%. Rule last verified by DubaiYield on 2026-08-14 (published public rule — not a live government API).
Payment plan
2 Years Post Handover Payment Plan
10%
On booking
AED261,338
50%
During construction
AED1,306,688
10%
Upon Handover
Due on handover
AED261,338
30%
Within 24 months PH
post handover
AED784,013
Percentages from developer payment plan via Reelly. Confirm in SPA.
Golden Visa
Golden Visa eligibility
Property at AED 2,000,000 or above may qualify for the UAE 10-year Golden Visa. Off-plan purchases can qualify once the SPA is registered with the Dubai Land Department, including bank-financed purchases.
Threshold
AED2,000,000
Likely eligible — 10-year Golden Visa
Indicative guidance only. Eligibility is subject to legal and regulatory review. The 10-year Golden Visa property route is distinct from shorter investor residency programmes.
Area overview
Business Bay is a mixed-use district located directly adjacent to Downtown Dubai, along the banks of the Dubai Water Canal. The canal itself extends from Dubai Creek to the Arabian Gulf, running along the southern edge of the district. Business Bay is served by Sheikh Zayed Road (E11) and Al Khail Road (E44), and by its own Business Bay Metro Station on the Red Line, located within a short distance of the Burj Khalifa/Dubai Mall metro station.
The district combines commercial towers, residential buildings, and hotels, with residential properties consisting primarily of apartments ranging from studios to multi-bedroom units, along with a smaller number of penthouses. Waterfront promenades run along sections of the canal, connecting to retail and dining areas such as Bay Avenue. The area also includes several international hotel brands.
Business Bay attracts a mix of professionals working in nearby business districts, along with investors and residents seeking proximity to Downtown Dubai at a different price point. Its position between Downtown Dubai and the wider road network makes it a common transit point as well as a residential destination in its own right.
About the developer
Qube Development is a developer represented in the DubaiYield off-plan selection.
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